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CNBC
Jan 23, 2013 1:00pm EST
much, sue. let's get back to the breaking news in washington. a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house has signalled
CNBC
Jan 22, 2013 1:00pm EST
if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tab
FOX
Jan 21, 2013 2:00am PST
of extending the debt ceiling three months, until april and clean, except for the fact they want to link it to the idea that both the house and the senate pass a budgetnd and if they don't they lose their pay? >> i think -- we don't think short-term is smart for the economy, 2-3 months still has uncertainty and we are very pleased to see the republicans in the house drop their previous position, which was, you know, they were only going to pay the bills, essentially, they racked up if that he got what they wanted from the deep spending cuts in medicare and other programs. so that is progress but what we need to do is, washington needs to start contributing certainty and help to the economy and if you talk to anybody in the country -- >> you will not veto a three-month extension, are you? >> again, i think that there is long term debt and short-term debt. i think we have made progress on the budget and cut spending, in 2011, the budget was cut over a trillion dollars and signed a -- >> you were forced into that by republicans. >> no, we weren't and we were sitting around the table with th
Current
Jan 23, 2013 9:00pm PST
well, it's under cutting their own ideas. take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to
FOX Business
Jan 22, 2013 4:00pm EST
to the front line. that is the capitol. we have the latest as the house prepares for a vote on the debt ceiling. david: congress heading back to work today following the president's inauguration speech yesterday which a lot of the members of the republican party saw as a poke in the eye to them. >> the first order of business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the p
CNBC
Jan 23, 2013 2:00pm EST
and what it does is two things. you are right, it buys time, kicks the debt ceiling back into may 19. that point they could borrow as much money as they like up to that point. after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end the wlous says, it will sign the bill of the white house press secretary jay carney said it is not entirely perfect. take a listen. >> ideally we would extend a raise the debt ceiling for a long period of time. so that this is not a question. so that uncertainty that surro
CNBC
Jan 21, 2013 11:00am EST
, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for the republicans to agree to the first three months of extension of the debt ceiling. >> and to hold their own pay hostage. we won't pay ourselves. >> even though i think the debt plays better outside and holds more le
FOX Business
Jan 22, 2013 12:00am EST
is that a two month hiatus, which is what they will get by giving the debt ceiling increase for that much longer, i will allow them to say to a majority of the american people, this is where they listen. there needs to be cuts in this budget. it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest developments. more "money" coming up. don't go away. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. mortgage. marrie
FOX News
Jan 21, 2013 12:00pm PST
, there will be a vote in the house of representatives, the republicans want there to an votes on the debt ceiling and delaying or expanding the debt ceiling and giving lip to 9 debt ceil for another two or flee months. we will be back in the thick of things in a few minutes but today we catch our breath. >>shepard: a lot of breath capping to be done. john bussey live with us from the "wall street journal" and steve, over to you, steve. well, steve is otherwise engaged i am now told. back to evan, presidential historian and live with us from new york, the president just got back into the limousine and will come to the reviewing stand behind us. i guess this is an important day for us to remember who it is we are and what we espouse to be and send a message to the world but more than anything, isn't this good for the kids on martin luther king jr. day to have the african-american president coming for his second inauguration? there is hope for a lot of people wrapped up in this man who may not have had hope before. >> there is hope for a lot of people wrapped up in this man. the constitution talked
FOX News
Jan 23, 2013 4:00pm PST
the debt ceiling until the middle of may. senate democrats say they will pass the bill soon and the white house says president obama will not veto it. the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt li
PBS
Jan 25, 2013 8:00pm PST
game for us to play. gwen: let me ask john this, what happened this week, kicking in the debt ceiling deadline farther away, was that rigging? was that government book keeping in the eyes of the leaders here in washington? >> i think it's adjusting the game and changing some of the contours of the game and making sure that the contest did not have the same kind of heat and high stakes for the economy for markets, for everybody's 401-k out there that people perceived and if we really got up to the brink of a potential default or united states not being able to meet all of its obligations, you know, i'm not sure on the point that bobby jindal and others were making at the meeting in north carolina, i'm not sure the -- what republicans are about, if they're not talking about the size of government, cost of government, tax and spending issues, they will have to deal with those but at the moment they didn't want to deal with them in quite such a pressurized environment so john boehner was able to convince his caucus to accept the council to move past the debt limit. they're now shifting to
KRON
Jan 22, 2013 5:00pm PST
and benghazi.to the fall- out from his inauguration speech. and then there's the debt ceiling. things are not going to be dull. no one was particularly surprised today when republicans began bashing the president's inauguration speech. he offered a liberal vision - touching on and preserving the social welfare safety partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" >> catherine: white house cameras caught the president and first lady surprising tourists at the white house today. it's not usually part of the tour. but then it was back to work. one of the first tests of the president's second term comes quickly this week. chuck hagel - his choice as defense secretary has to win over hostile republicans. there's a senate hearing this week. john kerry on the other hand - is expected to breeze through his thursday hearing.as the choice for secretary of state. another key hearing. hillary clinton - who still holds that job - is set to testify on the attack on the american mission in libya wednesday. where she could be grilled on
Current
Jan 23, 2013 6:00am PST
's going through? punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it over and over and over again but it doesn't stick. don't under
CNBC
Jan 23, 2013 12:00pm EST
's capital at this hour where a house vote on extending the debt ceiling is expected within the next half an hour. we'll look in live when it happens. but first our top stories, waiting on apple. america's most valuable company reports earnings today after the close, and with shares down 30% from the highs, the stakes could not be higher. cnbc's jon fortt is live in silicon valley with the latest. jon? >> reporter: hey, scott. the main number to watch in this report is iphone sales. that's going to have the biggest influence on margins. if the iphone outperformed, it's also going to have an impact on revenue and ep s. take a look at some estimates out there for iphone sales. i think the street's consensus is between 46 million and 48 million units with some moving higher in recent days. for ipad sales consensus is around 23 million or 24 million units. here is the thing i keep coming back to. verizon's numbers yesterday, i know it's a fool's errand to extrapolate out to a global iphone, apple's penetration into verizon hit ridiculous levels last quarter. verizon activated more old iphones
PBS
Jan 21, 2013 6:30pm PST
it work for the fiscal cliff debate. seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him to act on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim res
NBC
Jan 23, 2013 5:30pm PST
in the house of representatives today pushed through a bill that will move the debt ceiling deadline to may, at least. while it doesn't solve it entirely, if the senate passes it, and the president signs it as expected, it will put off for now the threat of another political meltdown like the one that led to the downgrade of the u.s. credit rating back in 2011. >>> now we go outside, which depending on where you live, might take some steeling of yourself, given the air that has descended on a lot of our country. take, for example, nbc's kevin tibbles out in the cold tonight in chicago. kevin, good evening. >> reporter: hey, why not? well, it will take a couple more frigid days to freeze the chicago river, but tonight temperatures here in chicago, new york and elsewhere are colder than they are in juneau, alaska. [ sirens ] at one point, some 200 chicago firefighters battled a massive extra alarm warehouse fire in temperatures hovering just above zero. pouring on the water throughout the day, struggling with frozen hydrants and icy ladders. >> the stress on us, i mean, we're firefighters and
LINKTV
Jan 21, 2013 2:00pm PST
to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there could be
Current
Jan 21, 2013 5:00pm PST
saying we'll have bitter fights perhaps debt ceiling shutting down the government, perhaps begun control. they will be tough fights and the american people need to be ready for that. >> john: george, it seemed--what are your thoughts on that before i move on. do you think that was a pretty direct calling out of mitch mcconnell and the republicans? >> yes, look over the next few months we'll we you'll have a big fight over the sequester the funding of the government and the debt ceiling. i think he's trying to pull out the weeds of that because none of it is the soaring lofty rhetoric. i think he's trying to push past that mess to what he would care to do. >> john: alex, after seeing how large a role the hispanic vote played in the 2012 election and how poorly mitt romney played to that demographic. let's not forget his univision appearance what i call gringo star. >> they may need to work out what the messaging is going to be on this site. if they don't you can bet the democrats will use it in the the 2014 midterm. you remember in 2010 when democrats could not get the minority voters out
CNBC
Jan 22, 2013 6:00am EST
. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to a halt today. right now, let's get today's national forecast. reynolds wolf joins us from the weather channel. reynolds, it's great to see you this morning. >> great seeing you guys, too. the story down unde
CNN
Jan 22, 2013 6:00am PST
are at an extreme disadvantage, for example, the debt ceiling, let's just use that as one example. republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i wou
CNN
Jan 23, 2013 4:00am PST
on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the ma
CNBC
Jan 24, 2013 7:00pm EST
. look there's a reason why the republicans in the white house caved on the debt ceiling. the public is not with them on these issues. >> don't know. kate, you have a little different view. i think republicans now back in the driver's seat because they cooperated on raising the debt ceiling. they forced the senate democrats to put up a budget. the next thing will be the continuing resolution, short term spending cuts. i think the gop by stopping taxes is back in play, they are back in play. >> i love your optimism, larry. i wish i could be jumping up and down with you. but i'm afraid the republicans are in full retreat. i'm hoping -- i know they won't agree to this tax increase. the senator is absolutely right. but the problem is the democrats are using this as another opportunity to put republicans of throwing granny off the cliff, caring only about their millionaire and billionaire buddies. patty murray said we'll put it on the people who best can afford it. it worked for president obama, the democrats, like the cbs news political director said is to go for the jugular, to cut the
MSNBC
Jan 25, 2013 7:00am PST
to deal with. debt ceiling debate now postponed until may. the sequestering, the continuing resolution. and republicans are pushing for changes in entitlements. is this in large part about where the white house decides where to put its political capital? >> kwlourks know what, we have also forgotten in this discussion, we remain in the midst of a terrible, terrible recession. counting people who have given up looking for work and underemployed. we are looking at -- almost 15% of our population who is unemployed, who don't have jobs. real wages for millions of workers are going down. the gap between the very, very wealthy and everybody else is growing wider. so what concerns me is, yeah, you have to deal with gun control. deal with a lot of other issues, but we cannot -- we cannot forget the reality that tens and tens of millions of working people are really hurting. >> how would you prioritize then again if you have to figure out where you're going to put your political capital? how would you prioritize. there was a big headline today the stock market is at a five-year high, unemployme
CSPAN
Jan 22, 2013 7:00am EST
resolution that is done in the government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we wan
FOX Business
Jan 25, 2013 12:00am EST
with the coalition to reduce spending with the reject the debt pledge. >> one is only vote for the balanced budget, i do not vote for new spending that does not offset others into not go increased our way or the debt ceiling. >> we will for this election cycle. >> john: but most of them lost. >> true. it is not easy to sign. it is hard to say you not increase bar wing are spending. john: therefore i pledge of unauthorized refund in new programs without offsetting cuts. i will not vote for any budget that is not balanced? that seems unrealistic. if you just slow the growth you could get a sadr trouble it is not unrealistic. >> the budget is not a blueprint. but the senate has not passed in the last 3-1/2 years. it is less relevant than the other two. >> it be a fiscal conservative senator but at least now he is on the record if he votes for new spending programs, he can be held accountable. john: of fox news poll asks government spending is out of control or managed carefully? sixty-two% said out of control but this year, 83%. why do people think that? >> if you ask mr. doo audience that but it. >> w
CBS
Jan 21, 2013 10:00am EST
's why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. so i think that there's a prospect for getting some things done. certainly on issues like immigration reform. there's a powerful impetus for there to be progress. i think we can make some. >> david, thank you very much. you're going to be leaving the president's side and starting an institute of politics at the university of chicago and we wish you all the luck in the world. >> you guys, i need you out there. >> nancy cordis is there as a number of the dignitaries begin to take their seats. what are you seeing? >> scott, there are 1,600 seats that have been set up on the west front terrace of the capitol. people who will be surrounding the president as he takes the oath of office. we are still awaiting the announcement of the dignitaries who will come out in groups. first, the nation's diplomatic core, the governor, then the cabinet, the joint chief of staff, and supreme court. and two former presidents, bill clinton and president carter who will both be in attendan
NBC
Jan 23, 2013 7:00am PST
to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not
CNBC
Jan 24, 2013 4:00am EST
world is not smouldering, but greece was not aflame, the united states had just done the debt ceiling. i said you know what? because the ecb finally started acting like the federal reserve, the panic is now over. didn't say the crisis is over, but the panic is over. >> you said carry stability. you talked about tend of financial panic. >> others are saying cautious optimism. >> right. but there's two separations. once we get done dealing with the panic. we'll be farced then we're not part of a business cycle. ben there, sdun this. >> but you've got to get ceiling debate in the u.s. you've got the italian elections. so we will see. >> the perception over here is that the extreme part of the republican party has backed off on this issue of the debt ceiling. >> well, sure, they're extending it. >> that's the perception there. >> steve, there you go. jon fortt better watch out, that's all i'm saying. >> he's covering the economy. we can swap for a while. >> that's not a badi. what do you think, kelly? >> receive, i have the blackberry 11 for the keyboard, right? >> no. you'll elect the virtu
Current
Jan 21, 2013 3:00am PST
in the house caved over the weekend on the debt ceiling and said, all right. they will extend it for only three months, not good enough. they said they will extend it notno strings attached without all of the cuts to social security and medicare they had been demanding bluffs president obama, we got his back and he stays tough, gets things done in this second term. let's talk about it 866-55-press here on the "full-court press." it's monday morning, inaugural day, january 21st. >> this is "the full court press: the bill press show," live on your radio and on current tv. current tv presents special coverage of the presidential inauguration. the pomp, the circumstance the insight and analysis. only on current tv. we have a big big hour and the iq will go way up. (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does n
FOX Business
Jan 28, 2013 1:00pm EST
the road. and the tax hikes were not as bad as many people thought. the next thing is the debt ceiling which was a big leverage point and republicans kicked that can down the road. all you have left is the sequester. a lot of votes stores are on the sidelines worried about political risk and but a lot of political risk has been removed. tracy: you said kicked down the road but it will come back. you're talking about short-term euphoria for a while, correct? >> correct. the fed money policy is a huge driver. they're in the process of a financial repression regime where you look at different asset classes like treasury bonds. they're incredibly expensive. you don't make anything after cash. you lose money after inflation, right? tracy: right. >> what are your options? they're trying to drive people into risk assets. as investors look into high-yield bond or certain types of mortgage-backed securities they have become very rich. the only thing really left is equities. it is almost a process of elimination for investors. they end up driving equities higher. tracy: that's what we've seen in
CNBC
Jan 25, 2013 6:00am EST
for once weren't totally ridiculous with the debt ceiling but they extend the debt ceiling -- >> richard, stay with us. austan you're here for the rest of the show. we'll have more. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of
CNN
Jan 21, 2013 3:00am PST
the whole debt ceiling issue, and also immigration reform. something that the president said would be a top priority. so a lot of different events for the president today. capping it off will be two balls. on official inaugural ball and the commander in chief ball taking place tonight. key folks will be taking part in ceremonies today. in particular, some hispanics playing an important role. chief justice sonja sotomayor, takie ing place on the swearing of the president. the inaugural committee has chosen a cuban american to read an original poem. cuban american civil jeer and author, richard blanco. so hispanics playing an important role on an important day in washington. john. >> a long day of firsts and a long day of celebration. dan lothian at the white house this morning. the crowd expected to turn up at the national mall, not expected to be as large as four years ago, when 1.8 million people crowded into the city. they are still expecting some 800,000 people today. nothing to thumb your nose at. christi paul on the national mall where crowds are gathering. >> they are gathering and dr
CSPAN
Jan 26, 2013 10:00am EST
ceiling increase unless the senate passes a budget. we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there
NBC
Jan 22, 2013 6:00pm PST
the debt ceiling for three months, the president would not stand in the way. in the past, the obama administration has not embraced the idea of a short-term extension. >>> police investigating a shooting at a texas college that left three people injured, it happened at the lone star college just north of houston. authorities say it started with an argument between two men that escalated into gunfire. a student said chaos broke out quickly after. >> we heard shots, and automatically we saw students running. and we went under our desks. our teacher shut down the lights and we tried to take cover. >> both men were shot as well as a college employee caught in the cross fire. that employee is listed in stable condition. police did detain the two men. campus and several nearby schools were put on lockdown for hours. school will be back in session tomorrow, though. >>> california's approach to dealing with mental illness could be a model for the entire nation. that's the message state senate leader darrell steinberg took to washington today. he met today with aides to vice president joe bi
NBC
Jan 21, 2013 7:00am EST
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
CSPAN
Jan 26, 2013 7:00pm EST
any we face. we will find it to the cult dissolve any other problems we are facing. debt ceilings, issues of healthcare. proverbs notes this, without a vision, the people perish. they do not literally perish. they just bicker and fight and become so polarized they cannot get anything done. we are in need of a new common, national vision. not once only democratic or solely republican. we need at least one goal where we can come together. that is where we need to go. god has given you a unique gift, mr. president. you have the ability to cast vision and inspire people. you should have been a preacher. [laughter] [applause] god actually has you exactly where god wants you. yesterday you begin to lay out a vision for us in your inaugural address was very powerful and compelling. somewhere we have got to find and forge one or two that dreams or visions that people on the right and they left, republicans and democrats, can come together and back hands on this. you hinted towards that yesterday. we have to remember our picture of the promised land. when we do that, anything is possible i
CNBC
Jan 25, 2013 3:00pm EST
further and then we'll see in three months' time what we discuss and how we deal with the debt ceiling, that's not especially helpful. that's what actually a lot of u.s. leaders complained about with the europeans about a year ago. they were saying oh, you know just pushing the can down the road yet again. well, sure. >> i guess the whole issue of do you provide stimulus to a weak and anemic story or do you cut back in a time that things are really not growing so adding austerity to an already weak story? >> what is needed is confidence. and you need to restore confidence in the way an economy is run. so things will vary depending on the strength of the currency, depending on the financing needs, the financing situation of the country and for some countries austerity, strong right from the start, is needed. when, you know, the situation of finance -- when the financing is under huge pressure. as has been the case with some european countries. in other situations, where there is a degree of confidence where markets know that the governments are serious about what they're doing, the pace
CNN
Jan 21, 2013 5:00am PST
than that. is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he i
MSNBC
Jan 24, 2013 7:00am PST
in washington. the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nomination hearing for john kerry to be secretary of state. senator kerry is going before the committee that right now he chairs. foreign relations. and he'll be introduced by senators john mccain, by elizabeth warren and the current secretary of state, hillary clinton. it's expected to be very different than the fiery hearing yesterday in that very same room where secretary clinton made a passionate defense to republican senators aggressive questioning about what happened in benghazi. >> the fact is we had four dead americans. was it because of a protest or was it because of guys out for a walk one night who decided they would go kill some americans? what difference at this point does it make? it's our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. >> i want to bring in ron, national correspondent and editorial director, and michael crowley, times deputy washi
MSNBC
Jan 28, 2013 7:00am PST
strongly believe in really far right views. and they're willing to go over the -- to let the debt ceiling collapse. they were willing to shut down the government. that's not really the kind of thing that -- that speaks to a new direction for this party. >> john, we're talking about immigration reform, right, today. is this the pivot point. is this where you might see republicans come together with democrats? >> it could be. i do think, though, i've seen this before where the senate come up with a plan without any input from the house. and then the house decides not to do it. >> right. >> i think this is the problem. that you've got to have cooperation. i do think there are some ways you can make it easier for people to get citizenship without actually getting into amnesty. and i think that finding that trick is going to be difficult but can be achieved. i do think that for republicans, it makes a lot of sense strategically to get immigration passed. if we're going to have a good conversation with hispanic voters, we can't do it in the context of holding up immigration reform. it also has
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